Rubenstein Partners, L.P., a vertically-integrated real estate investment manager focused on value-added office property opportunities, is announcing that Lake View II and The Falls in Sanctuary Park, a 1.6 million-square-foot office park complex in the North Fulton submarket of Atlanta, have achieved LEED recertification through Arc, arcskoru.com, the new performance platform launched by Green Business Certification Inc. (GBCI) in 2016.
Arc uses real-time data to measure sustainability performance in order to facilitate meaningful change and create greener, healthier spaces. Arc’s data-centric approach connects actions and benchmarks performance against itself and projects around it. The new sustainability platform generates a performance score by tracking building activity across five categories including energy, water, waste, transportation and human experience.
Rubenstein Partners, along with a minority equity partner, acquired Sanctuary Park in late 2016. The complex is considered the premier Class-A office park in the high-growth North Fulton submarket and comprised of nine mid-rise buildings within a 152-acre, master-planned environment. The property also offers three zoned development sites that could accommodate an additional 750,000 square feet of build-to-suit office space.
“Rubenstein Partners is thrilled to announce that Sanctuary Park features the first two commercial buildings in Georgia obtaining this highly sought-after LEED recertification,” said Taylor Smith, Regional Director of Southeast for Rubenstein Partners. “Since purchasing the property, we have implemented a number of enhancements that has solidified Sanctuary Park’s standing as the preeminent destination for tenants in the North Fulton market. But earning the certification and benchmarking in Arc has helped our facility serve as a model for other buildings throughout Atlanta and the state to reduce their resource energy usage.”
Charlie Cichetti, CEO and Co-Founder of Sustainable Investment Group (SIG), who served as a sustainability consultant for Rubenstein Partners, adds, “Both the Lake View II and Falls buildings achieved high performing scores during their LEED recertification process, which visibly demonstrates the Rubenstein Partners team’s leadership and commitment to maintaining a sustainable commercial facility.”
“Rubenstein Partners has shown tremendous green building leadership through the use of Arc,” said Mahesh Ramanujam, CEO and president, U.S. Green Building Council and GBCI. “Through Arc, Rubenstein is making data-driven decisions about the health of their building and the happiness of their occupants, while advancing their sustainability efforts.”
Rubenstein has demonstrated a history of proactively pursuing energy efficiency and green initiatives. In 2003, Rubenstein’s predecessor entity, based in Philadelphia, obtained certification for the first Energy Start commercial offices in Philadelphia.
About Sanctuary Park
The Sanctuary Park nine-building complex enjoys a secure and private park-like setting unique to the North Fulton market and is centrally located with quick and easy access to Georgia 400 via Haynes Bridge or Mansell Road along Westside Parkway. Seven of the nine existing buildings are LEED and Energy Star certified and onsite amenities include three conference centers, two full-service cafes, two state-of-the-art fitness centers, a manicured softball field and pavilion with an active softball league, two gated entrances, complimentary shuttle service to and from the North Springs MARTA station and secured building access.
About Rubenstein Partners
Rubenstein Partners, founded in September 2005, is a private real estate investment management and advisory firm with operations throughout the Eastern United States. The firm is led by its founder, David Rubenstein, and a group of senior real estate executives, and is focused on directing and managing value-added office real estate investments, primarily in markets in the Eastern United States that encompass more than two-thirds of U.S. office space inventory. Rubenstein Partners’ predecessor company, The Rubenstein Company, LP and affiliates, founded in 1969, was one of the largest private owner operators of Class A office real estate in the Mid-Atlantic, owning and operating a portfolio of assets valued at approximately $1.2 billion at the time of its disposition in 2004. Since 2005, Rubenstein Partners has, on behalf of its investors and clients, invested in more than 10 million square feet of office real estate assets throughout the Eastern United States. For more information, visit www.rubensteinpartners.com.